Here's the most recent fintech, crypto and blockchain news from all around the globe:
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Here's the most recent fintech, crypto and blockchain news from all around the globe:
Cryptocurrency Hub online community appreciates and cherishes the time and effort its members invest communicating, interacting and contributing on its platform and as a token of appreciation and giving back to the community we came up with a a prize points system based on members activities in the community! Yaaaaayyyyyy ð
So that's how it will work:
Registered members earn points based on certain activities. Each activity has a number of points for each action taken. These points will be added for each member automatically.
Points will be calculated according to the below formula (subject to change upon the discretion of the admins):
ACTION | POINTS |
---|---|
New Visit | |
Follow Content | |
Follow Member | |
Post Blog Post | |
Post Topic | |
Post Event | |
Post Survey | |
Post Resource | |
Post Comment/Reply | |
Post Chat Message | |
Vote on Survey | |
RSVP To Calendar Event | |
Purchase Premium Membership | |
React To Post | |
Author Has Content Featured | |
Author Has Post Reacted To By Someone | |
Author's Content Receives New Follower | |
Share Content | |
Member Invitation Accepted |
Don't forget that you can invite new members to our community and help it grow while collecting points for each invited member! ðĪŠ
The regular crypto giveaway will be in the form of weekly Cardano (ADA) and monthly Ripple (XRP) prizes! ðð
Weekly Cardano (ADA) prizes (2 winners):
Every end of the week a First Prize will be given to 1 winner (1st highest number of activity points collected for the corresponding week): 30 ADA
Every end of the week a Second Prize will be given to 1 winner (2nd highest number of activity points collected for the corresponding week): 20 ADA
Monthly Ripple (XRP) prizes (1 winner):
Every end of month one Prize will be given to 1 winner (with the highest number of activity points collected for the corresponding month): 50 XRP
Members usernames will be of course announced in due dates and contacted to have their crypto prizes transferred to their wallets addresses.
Remember the more you are active and contributing to the growth of our online community the more points you earn and the more chances you get to win BIG with us! ððĪ
Good luck to everyone! ð
ChatGPT is a large-scale language model developed by OpenAI, and its advanced language processing capabilities allow it to engage in natural conversations with humans. The Japanese version of ChatGPT is able to understand the nuances of Japanese and generate responses that match them, making it an ideal tool for language learning, especially conversation training. In this article, we will explain how ChatGPT is useful for conversation training, the specific ways to use it, and its advantages and disadvantages. Chatgpt is free, secure and available at: chatgptjp.ai
What ChatGPT brings to conversation training
ChatGPT has the great advantage of allowing you to practice conversation freely, anywhere, anytime, 24 hours a day.
Natural conversation practice: ChatGPT converses in natural language rather than using pre-determined patterns, so you can practice as if you were talking to a person.
Diverse topics: You can talk about any topic, including news, hobbies, and work.
Instant feedback: If you use incorrect or unnatural expressions, ChatGPT will point them out and suggest more natural expressions.
Continuous learning: Through conversations with ChatGPT, you can learn natural Japanese expressions and improve your vocabulary and expression.
Specific methods of conversation training using ChatGPT
Role play: By assuming different roles and talking with ChatGPT, you can develop communication skills in various situations.
Discussion: Exchange opinions with ChatGPT on a specific topic to train your logical thinking and expression.
Vocabulary building: By asking ChatGPT questions about new words and expressions and trying to use them, you can effectively increase your vocabulary.
Pronunciation practice: You can also practice your pronunciation while listening to ChatGPT's audio.
Notes on using ChatGPT
Check accuracy: ChatGPT is only an AI, and not all answers are necessarily correct. If you need to check the facts, please refer to other sources as well.
Don't rely too much on it: ChatGPT is only a tool. Don't forget the importance of communication with humans.
Privacy: Be careful when entering personal or confidential information.
Future outlook for ChatGPT's conversation training
Personalized learning: We will be able to suggest optimal learning content based on the user's level and interests.
Support for various languages: We expect that ChatGPT will be able to support more languages and multilingual learning.
Integration with voice recognition: ChatGPT will be able to converse by voice, enabling more natural communication.
The realm of cryptocurrency exchange development has birthed two distinct paradigms: centralized exchanges (CEXs) and decentralized exchanges (DEXs). These two models diverge significantly in their structure, operation, and underlying philosophy.
In this blog, we aim to delineate the differences between centralized and decentralized crypto exchanges, shedding light on their respective merits and shortcomings within the landscape of cryptocurrency exchange development.
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Centralized exchanges operate like conventional financial institutions, except that trading activities are monitored and facilitated by a central organization or intermediary. By depositing their money into centralized wallets, users have to entrust the exchange with their money and give up ownership of their assets. As a custodian, the exchange looks after users' money and trades on their behalf.
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CEXs are governed by a company or organization that dictates the platform's policies, fee structures, and asset listings. As there is no direct control over the funds once deposited, users must trust the exchange to operate transparently and securely.
Funds in centralized exchanges are stored in custodial wallets controlled by the exchange. While this system provides liquidity and convenience, it exposes users to the risk of theft, hacking or mismanagement of the exchange.
Regulatory compliance requirements such as Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols are enforced by many CEXs. Although the goal of these safeguards is to stop illegal activities, they pose privacy issues and limit access to individuals who remain anonymous.
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Decentralized exchanges operate on blockchain networks, enabling peer-to-peer trading without the need for a central authority or intermediary. Trades are executed directly between users' wallets through smart contracts or other decentralized protocols, empowering users to retain control over their funds.
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DEXs facilitate trustless trading, allowing users to maintain control over their funds throughout the trading process. Trades are executed peer-to-peer, eliminating the need for a central authority to oversee or facilitate transactions.
DEXs operate on a non-custodial model, where users retain ownership of their private keys and assets. Funds are never held in centralized wallets, mitigating the risk of theft, hacking, or mismanagement by third parties.
Decentralized exchanges typically offer permissionless access, allowing anyone with an internet connection and a compatible cryptocurrency wallet to participate in trading activities. This fosters greater accessibility and inclusivity for users worldwide.
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In conclusion, centralized and Decentralized cryptocurrency exchanges represent different approaches to trading digital assets, each with its advantages and challenges.
While centralized exchanges provide convenience, liquidity, and regulatory compliance, they also introduce risks associated with centralization and security controls. Decentralized exchanges, on the other hand, prioritize decentralization, security, and user autonomy, although they face challenges related to liquidity, scalability, and user experience. The choice between centralized and decentralized exchange development ultimately depends on personal preferences, risk tolerance, and values within the cryptocurrency community.
Chainlink Price has surged ahead, leaping 9% to reach a price of $18.45, surpassing Tron (TRX) and achieving a market cap exceeding $10 billion. Chainlink (LINK) hits a 22-month high of $18, fueled by revived dormant wallets, reports Santiment. The influx of LINK back into circulation propels the market cap to over $10 billion, nearing Tronâs position. Plus, with bullish on-chain data, thereâs a hope of further surges for LINK prices; however, it might come with corrections near key resistance levels.
Over the last 24 hours, Chainlink has witnessed a huge liquidation of nearly $4.5 million. All because sellers pumped approx $3.7 million of this total, signaling a surge in selling pressure as the LINK price moves in a direction opposite to their positions, resulting in losses. However, the price surge to $18.45 marks a 22-month high for Chainlink, signaling the end of a three-month consolidation period and potentially setting the stage for a sustained upward trend.
While Chainlink rises, other major crypto like Bitcoin (BTC) and Ethereum (ETH) show slow growth. BNB and Solana (SOL) hint at Altcoinâs potential, but XRP faces challenges after a significant hack involving co-founder Chris Larsen. Analysts quickly highlight LINKâs strength, particularly in comparison to major players like Bitcoin and Ethereum.
Chainlink is crucial in the crypto infrastructure by linking blockchains with essential external data through its network. This functionality brings its potential for further growth, with some analysts predicting a market value for tokenized assets at $16 trillion by 2030.
Market analysts, including Ali Martinez and MichaÃŦl van de Poppe, express bullish sentiments about Chainlinkâs future. Martinez identifies a significant resistance level at $20, suggesting a potential substantial uptrend if surpassed.
Van de Poppe anticipates a rally to the $25â30 range, indicating impressive upward momentum for the altcoin. While maintaining a cautious stance on Bitcoinâs consolidation, Van de Poppe foresees a period of altcoins picking up momentum, with Chainlink positioned as a notable player in this upward trend.
Since all assets are struggling hard in the current market turmoil, Chainlinkâs recent surge is a sign of its ability to beat broader trends and potentially chart its course in the coming weeks.
Chainlinkâs New Staking System. The Decentralized Oracle network, Chainlink, is updating its staking system. It is moving towards its 0.2 version, intending to create a staking platform with LINK reserves, the native token of this protocol.
As explained by Chainlink in a statement, this is a redesign of the staking service v0.1. With v.02, Chainlink will offer greater flexibility for stakers and implements a new unlinking mechanism similar to Ethereum 2.0, penalizing malicious nodes. They will also provide âenhanced security guaranteesâ for Oracle services through stake reduction.
As part of the Chainlink Staking v0.2 activation, the platform asked users last October 19 to migrate their LINKs from the previous version to the new one. The same goes for the rewards accumulated on that token. It is only one week. The period ends next Thursday. After the migration, the platform will establish a two-day period where theyâll choose the token holders to stake up to 15,000 LINK. But as long as they âmeet the eligibility requirements predefinedâ by Chainlink.
Among these requirements, it is essential to have been a holder of more than 7 LINK for more than one year, to participate in events organized by Chainlink, or to promote this decentralized network of oracles. All this depends on the category of the person interested in participating in the staking platform. After the election period, Chainlink will enable general access to the staking platform. Any user can stake up to 15,000 LINK if the group still needs to be completed.
Although we talk about staking, in the case of Chainlink, it does not refer to the Proof of Stake (PoS) consensus algorithm used for transaction processing since this is not a cryptocurrency network. Chainlink is a network developed on Ethereum, where oracles collect data from external sources (such as stock prices) and transmit them to smart contracts. In this case, the system uses staking to secure that decentralized network and not to process trades.
Traders participating in Chainlink staking deposit a minimum amount of LINK to become network stakers. They are responsible for providing data that other traders then validate. For this information, stakers receive rewards in LINK.
Following news of Chainlink Stakeâs ongoing upgrade, the price of LINK, the platformâs native token, reacted to the upside.
According to data provided by CoinMarketCap, the US dollar price of LINK rose 28% in two days, after going from USD 7.5 per token last October 20 to USD 9.6 this Sunday morning, October 22. That the price of LINK is rising is good news for those staking on their network Chainlink. The underlying reason is the amount of tokens put into the order of the protocol security is valued, generating profit margins when withdrawing funds from the staking service. Also, the rewards received for staking are more valuable.
A blockchain oracle is a third-party service that provides external data to a blockchain network. A blockchain is a decentralized, immutable, transparent ledger that securely records transactions and stores data. However, blockchains cannot access data outside their network, making incorporating real-world data into blockchain applications challenging. Hereâs where blockchain oracles come in.
Oracles act as intermediaries between a blockchain network and external data sources. They collect data from various sources, such as APIs, web pages, sensors, and other off-chain systems, and then transmit it to the blockchain network. Oracles ensure the integrity and accuracy of the data by using cryptographic proofs and consensus mechanisms.
Blockchain oracles enable the creation of smart contracts that execute automatically based on real-world events. For example, when an oracle verifies a shipment, you can automatically code a smart contract to release funds to a supplier. Another use case could be creating a decentralized prediction market. In it, users can bet on the outcome of real-world events, such as elections or sports events, with the help of oracles providing the relevant data.
However, oracles also pose security risks, relying on a centralized entity to provide data to a decentralized network. If the oracle is compromised, the entire blockchain network could be affected. Thus, it is essential to choose a reliable and secure Oracle provider. Implementing various security measures, such as data encryption and multiple oracles, is also critical to mitigate these risks.
Libonomy is sharing its solution with the world. Now you can create your own cryptocurrency in minutes, deploy it into the blockchain and start trading it immediately without any additional permission required. Libonomy service is open source so anyone can audit it or use its codebase as a starting point for their own projects.
Libonomy was created to make digital currencies easier to understand and use. Libonomy believes in the power of blockchain technology, but also knows that most people don't have time for all the details- they just want an easy way to buy, sell or trade their coins without having to worry about technical stuff like wallets or exchanges. Libonomy platform enables this from your mobile phone with no fees! It's so simple anyone can use it.
Cryptocurrency Hub is an online community platform that covers a plethora of topics related to cryptocurrency and blockchain technology.
We have specialized discussions board related to Bitcoin (BTC) and to the best altcoins currently being traded in the crypto space such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA) and many others!
This is in addition to boasting a variety of other crypto related subjects such as blockchain tech, decentralization, crypto trading and mining, technical analysis, jobs in the fintech space, etc.
We would love to welcome you as an active member of our ever growing online community of crypto enthusiasts, investors, traders, entrepreneurs, businesses and influencers and we genuinely hope you will enjoy your time with us and contribute positively to cryptocurrency and blockchain mass awareness and adoption!